In Brief

6/22/2018 – The likelihood of new elections in Germany clearly increases while Angela Merkel admits as very unlikely to reach some kind of agreement on migrants at the mini-summit scheduled Sunday in Brussels and in which the Visegrad group won’t participate.

6/22/2018 – “We have seen a very positive tendency recently. Our trade increased significantly over the previous year and continues to grow this year. Our trade is worth USD 20 billion“, Russian President Vladimir Putin told his ROK counterpart Moon Jae-in.

6/22/2018 – “We commend Greece and its European partners on the completion of the fourth and final review under the European Stability Mechanism (ESM) program. The additional debt relief measures announced today will mitigate Greece’s medium-term refinancing risks,” said IMF‘s Managing Director Christine Lagarde.

6/22/2018 – “The situation in the South China Sea has cooled down and is stable, demonstrating a sound and positive momentum. All parties shall continue to maintain this momentum,” stressed China‘s MFA spokesperson Geng Shuang.

6/22/2018 – “It is certain,” as heard in Washington DC that US tariffs will be applied to Germany‘s automobile industry. One must therefore expect significant economic repercussions for the euro zone where the IMF expects weaker growth than expected.